Embark on an exceptional investment and development venture situated between the acclaimed Beach Tract and the renowned Cloisters neighborhoods. This fully approved 5-lot subdivision, set against the scenic backdrop west of Highway 1, presents an extraordinary opportunity for visionary development. Nestled within Morro Bay’s most sought-after locale, this one-acre parcel is poised for transformation. The Cloisters spans an impressive 84 acres, featuring 57 acres of dedicated open space preserve, a charming one-acre public park, and an extensive network of over two miles of paved trails, including direct beach access. Your investment stands as a gateway to this coastal haven. Included in this rare offering is more than just land; it comes complete with a comprehensive package, including approved architectural plans, meticulously crafted landscape designs, construction documents, Coastal Commission approval, and permits extending through February 2025. Your path to success is illuminated, and the time to seize this opportunity is now. This isn’t just a real estate venture; it’s a chance to be part of the legacy of Morro Bay’s coastal evolution. With a proven demand for single-family homes in this sought-after beachside community, capitalize on the current market dynamics and secure your place in history. Don’t miss out on this once-in-a-lifetime opportunity to shape the future of Morro Bay’s real estate landscape.
Property Details
Price:
$2,800,000
MLS #:
SC24042430
Status:
Active
Baths:
0
Address:
2783 Coral Ave 065386015
Type:
Land
Subdivision:
Cloisters740
Neighborhood:
mrbymorrobay
City:
Morro Bay
Listed Date:
Mar 1, 2024
State:
CA
ZIP:
93442
Lot Size:
43,124 sqft / 0.99 acres (approx)
Schools
Interior
Exterior
Community Features
Biking, Curbs, Park, Preserve/ Public Land, Sidewalks
Fencing
None
Lot Features
2-5 Units/ Acre, Corner Lot, Level with Street
View
Dunes
Water Source
None, Public
Financial
Association Fee
0.00
Buyer Agent Compensation
3.000
Map
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
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Courtesy of Ciano Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.2783 Coral Ave 065386015
Morro Bay, CA
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